Feedback Between Real Estate and Urban Economics
نویسنده
چکیده
This paper considers the implications of increasing land supply constraints in the United States on urban demand. First, because shifts in demand are now capitalized more into the price of land, house prices in some metropolitan areas have grown increasingly unaffordable to typical households. This might have an effect on the fundamental character of such cities. Second, the effect of home owners’ financial interests as landowners on their decisions about what regulations or investments in their communities to support may become stronger. Third, researchers may now be able to better use land prices to make inferences about urban demand. However, interpreting real estate prices still is tricky. Disciplines Economics | Real Estate This journal article is available at ScholarlyCommons: http://repository.upenn.edu/real-estate_papers/45 Feedback between Real Estate and Urban Economics Todd Sinai The Wharton School University of Pennsylvania and NBER
منابع مشابه
پیشبینی تغییرات قیمت مسکن بافت فرسوده شهری پس از اجرای پروژههای نوسازی با استفاده از روش خاکستری (مطالعه موردی: پروژه مجد، منطقه دو شهرداری مشهد مقدس)
Mutual connection between the structure of cities and economic factors often leads to economic feedbacks which caused by structural intervention. This intervention usually affects people, private and public sectors’ decisions in urban land use through reducing or increasing economic costs or benefits of urban activities. The purpose of this study is prediction the changes in housing prices afte...
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